FIT - Penny Stocks in Fitness: Fitbit Stock Still Undervalued?

The Fitbit penny stock was once selling for nearly $50 per share. Yes, it seemed everyone had Fitbit pegged as the next big thing in fitness back in 2015. And it was… for that year. By 2016, however, FIT stock more than halved, and from there it continued its decline. 

Now three years later, Fitbit shares are selling for just shy of the $5 mark. Few companies make such dramatic drops in only a few years. That means that from its early days of trading, FIT stock has dropped approximately 90% in ...